24-Jan-2024
Power
REC reports 13.6% rise in Q3 net profit at Rs 3,269 cr
New Delhi : Public sector Maharatna financial company REC Ltd on Tuesday reported a 13.6 per cent year-on-year increase in net profit to Rs 3,269.3 crore for the October-December quarter of the current financial tear. : Sarkaritel.com
REC’s net profit up 23% in Q3
New Delhi : Power sector lender REC on Tuesday reported a 23 per cent y-o-y growth in its consolidated net profit at ?3,308.42 crore for the October-December quarter of the current fiscal. : Business Line
REC net profit rises 13.5% to ?3,308.42 crore in third quarter
New Delhi : State-owned REC Ltd on Tuesday posted about 13.5% rise in its consolidated net profit to ?3,308.42 crore for the December 2023 quarter, mainly on the back of higher revenues. Its consolidated net profit was ?2,915.33 crore in the quarter ended December 2022, a BSE filing showed. : cnbc.com
REC Q3 results: Net profit up 13.6% at Rs 3,269 crore, NII climbs 18%
New Delhi : REC Ltd on January 23 reported a net profit of Rs 3,269.3 crore for the quarter ending December 2023, which is 13.6 percent higher as compared to the year-ago period. : Moneycontrol.com
REC reports 13.6% rise in Q3 net profit at Rs 3,269 crore
New Delhi : Public sector Maharatna financial company REC Ltd on Tuesday reported a 13.6 per cent year-on-year increase in net profit to Rs 3,269.3 crore for the October-December quarter of the current financial tear. : Greater Kashmir
REC Q3 results: Net profit rises 13.5% to Rs 3,308.42 crore
New Delhi : State-owned REC Ltd on Tuesday posted about a 13.5 per cent rise in its consolidated net profit to Rs 3,308.42 crore for the December 2023 quarter, mainly on the back of higher revenues. : Zeebiz
S&P Global upgrades Adani Ports, Adani Electricity on cash flow optimism
New Delhi : S&P Global upgrades Adani Ports, Adani Electricity on cash flow optimism. : Economic Times
REC Q3 profit jumps 14% to ?3,269 crore; loan sanctions climb 177% to ?1.32 Lakh crore
New Delhi : REC Limited, a ‘Maharatna’ Central Public Sector Enterprise under the ministry of power, has recorded a 14% increase in its standalone net profit for the third quarter of FY24, reaching ?3,269 crore, up from ?2,878 crore in the same period last year. : Economic Times
REC net profit rises 13% in Dec quarter on improved asset quality
New Delhi : State-owned power sector lender REC posted a 13 per cent jump in its net profit for the quarter ended December 2023. The company recorded a net profit of Rs 3,269 crore for the third quarter (Q3) of the current financial year, compared to Rs 2,878 crore during the corresponding period in the previous financial year. : Business Standard
REC reports 13.6% rise in Q3 net profit at Rs 3,269 cr
New Delhi : Public sector Maharatna financial company REC Ltd on Tuesday reported a 13.6 per cent year-on-year increase in net profit to Rs 3,269.3 crore for the October-December quarter of the current financial tear. : dtnext.in
Coal India arm CCL mulls JV with Jharkhand govt for expansion of Tenughat Thermal Power Station
New Delhi : Coal India arm CCL mulls JV with Jharkhand govt for expansion of Tenughat Thermal Power Station. : Economic Times
” New Delhi : The 127th birth anniversary of the legendary freedom fighter, Netaji Subhas Chandra Bose was commemorated in a befitting manner at DVC Headquarters Today.” : Sarkaritel.com
Waaree Renewable Technologies profit rises to Rs 64 cr
New Delhi : Waaree Renewable Technologies profit rises to Rs 64 cr. : Economic Times
JSW Energy Q3 results: Net profit jumps 28% to ?231 crore
New Delhi : JSW Energy on Tuesday reported over 28% rise in its consolidated net profit to ?231 crore in the December 2023 quarter on the back of higher revenues. : Mint
REC to lend ?1.2 trillion for solar panels
New Delhi : State-run REC will lend up to ?1.2 trillion for the installation of rooftop solar panels under the Pradhan Mantri Suryoday Yojana. : Mint
EV push: FAME-III scheme set to power electric buses this Union Budget
New Delhi : The third phase of the FAME (Faster Adoption and Manuf–acturing of Hybrid & Electric Vehicles) scheme, expected to be proposed in the upcoming Union Budget, is likely to give a boost to electric buses. : Business Standard
REC net profit rises 13.5% to Rs 3,308.42 crore in Q3
New Delhi : Maharatna power PSU REC Limited on Tuesday posted about a 13.5 percent rise in its consolidated net profit to Rs 3,308.42 crore for the December 2023 quarter, mainly on the back of higher revenues. Its consolidated net profit was Rs 2,915.33 crore in the quarter ended December 2022, a BSE filing showed. : psuwatch.com
JSW Energy jumps 28% to Rs 231 crore in Q3
New Delhi : JSW Energy on Tuesday reported over 28 percent rise in its consolidated net profit to Rs 231 crore in the December 2023 quarter on the back of higher revenues. : psuwatch.com
REC Surges Profit, up by 14% to 3,269 cr
New Delhi : REC Limited a ‘Maharatna’ Central Public Sector Enterprise on January 23 approved the unaudited standalone and consolidated financial results for the quarter & period ended 31st December 2023. : psuconnect.in
REC CSR arm launched its official website
New Delhi : REC Foundation, the CSR arm of REC Ltd., launched its official website from the REC Registered Office at SCOPE Complex, Lodhi Road, New Delhi, today. The website was officially launched by the esteemed directors of the CSR Committee. : psuconnect.in
NHPC Subsidiary Makes Strides in Rangit-IV HEP Development
New Delhi : The inaugural blast for the SFT outlet and the critical 2nd stage river diversion for completion of balance 2 blocks on the left bank & Dam HM works at 120 MW Rangit-IV HEP (Sikkim) of NHPC’s subsidiary, JPCL was successfully done in the presence of Sh. R.K. Chaudhary, Dir. (Tech. & Proj.). : psuconnect.in
Punjab To Review Power Agreement For Purchase Of Solar Power
New Delhi : Punjab To Review Power Agreement For Purchase Of Solar Power. : saurenergy.com
REC Limited Records Highest-Ever 9M Profit of Rs.100 Billion in FY24
New Delhi : REC Limited Records Highest-Ever 9M Profit of Rs.100 Billion in FY24. : mercomindia.com
1 crore homes to get solar panels under Pradhan Mantri Suryodaya Yojana: PM Modi
New Delhi : 1 crore homes to get solar panels under Pradhan Mantri Suryodaya Yojana: PM Modi. : Economic Times
Delhi’s winter peak power demand surges to all-time high of 5,816 MW
New Delhi : Delhi’s winter peak power demand surges to all-time high of 5,816 MW. : Economic Times
SC asks panel to decide firm’s plea for operationalisation of solar plant in GIB Area
New Delhi : SC asks panel to decide firm’s plea for operationalisation of solar plant in GIB Area. : Economic Times
Petrobras expects to buy domestic wind, solar stakes this year, CEO says
New Delhi : Petrobras expects to buy domestic wind, solar stakes this year, CEO says. : Economic Times
EAM Jaishankar stresses mutual cooperation for strengthening energy, mobility and other sectors during Nigeria visit
New Delhi : EAM Jaishankar stresses mutual cooperation for strengthening energy, mobility and other sectors during Nigeria visit. : Economic Times
Adani, Jindal Power may join race for Hiranmaye Energy: Sources
New Delhi : Adani, Jindal Power may join race for Hiranmaye Energy: Sources. : Economic Times
JSW Energy Q3 net profit up 28% at Rs 231 crore, revenue rises 13%
New Delhi : Sajjan Jindal-promoted JSW Energy on Tuesday reported a 28 per cent rise in net profit to Rs 231 crore for the December quarter of 2023-24, helped by higher power demand and lower fuel costs. : Business Standard
10 million households to have rooftop solar panels, says PM Narendra Modi
New Delhi : Prime Minister Narendra Modi on Monday announced the launch of Pradhanmantri Suryodaya Yojana (PSY) that aims to install rooftop solar power systems at 10 million households across the country. : Business Standard
REC is nodal agency, to extend Rs 1.20 lakh cr credit for Pradhanmantri Suryodaya Yojana
New Delhi : State-run REC Limited has been selected as the nodal agency for the implementation of Pradhanmantri Suryodaya Yojana and will extend credit of up to Rs 1.20 lakh crore for the scheme, said REC’s Chairman and Managing Director (CMD) Vivek Kumar Dewangan on Tuesday. : psuwatch.com
DVC Observes Birth Anniversary of Netaji Subhas Chandra Bose
New Delhi : The 127th birth anniversary of the legendary freedom fighter, Netaji Subhas Chandra Bose was commemorated in a befitting manner at DVC Headquarters Today. : psuconnect.in
SJVN Looks To Invest Rs 1300 Cr On Floating Solar In Goa
New Delhi : SJVN Looks To Invest Rs 1300 Cr On Floating Solar In Goa. : saurenergy.com
Jakson Partners With NTPC To Boost Solar Power Production In Ayodhya
New Delhi : Jakson Partners With NTPC To Boost Solar Power Production In Ayodhya. : saurenergy.com
Solar Corporate Funding Reaches $34.3 Billion in 2023
New Delhi : Solar Corporate Funding Reaches $34.3 Billion in 2023. : mercomindia.com
Oil and Gas
ONGC receives petroleum ministry nod to form green energy subsidiary
New Delhi : Oil and Natural Gas Corporation (ONGC) on Tuesday said it has received approval from the Petroleum and Natural Gas Ministry for the formation of a subsidiary company for green energy and gas business. : Mint
ONGC gets govt nod for green energy, gas unit
New Delhi : State-owned Oil and Natural Gas Corporation (ONGC) will set up a new unit to house its gas business and clean energy projects such as green hydrogen, as it looks to fast-track foray into new areas. : psuwatch.com
ONGC appoints Dinesh Kumar Singh as Executive Director
New Delhi : Dinesh Kumar Singh, a seasoned engineer with a 35-year career at the forefront of mechanical operations, has officially been appointed as a key leadership position within the ONGC’s senior management. : psuconnect.in
Biofuel demand set to soar by 30% in five years, led by Brazil, Indonesia, India: Report
New Delhi : Biofuel demand set to soar by 30% in five years, led by Brazil, Indonesia, India: Report. : Economic Times
IH2A submits $5-bn fund proposal to FinMin for large-scale hydrogen projects, supply chain
New Delhi : IH2A submits $5-bn fund proposal to FinMin for large-scale hydrogen projects, supply chain. : Economic Times
Russia becomes top China oil supplier for first time since 2018
New Delhi : Russia becomes top China oil supplier for first time since 2018. : Economic Times
Fuel tanker rates are soaring on Red Sea disruption
New Delhi : Fuel tanker rates are soaring on Red Sea disruption. : Economic Times
Russian LNG exporter seeks to raise long-term prices to Asia: Bloomberg News
New Delhi : Russian LNG exporter seeks to raise long-term prices to Asia: Bloomberg News. : Economic Times
Trinidad in talks with Europe to supply Venezuelan gas -Prime Minister
New Delhi : Trinidad in talks with Europe to supply Venezuelan gas -Prime Minister. : Economic Times
EAM Jaishankar stresses mutual cooperation for strengthening energy, mobility and other sectors during Nigeria visit
New Delhi : EAM Jaishankar stresses mutual cooperation for strengthening energy, mobility and other sectors during Nigeria visit. : Economic Times
Houthi attacks won’t threaten global natural-gas security
New Delhi : Houthi attacks won’t threaten global natural-gas security. : Mint
Room for cut in fuel prices as oil companies boast higher margins: Icra
New Delhi : Domestic oil marketing companies (OMCs) have been witnessing improved marketing margins for auto fuels, thanks to recent decline in crude prices, as per rating agency Icra Ltd. : Mint
City-wise Fuel Cost, Petrol, Diesel Fresh Prices Announced: Check January 23 Rates
New Delhi : Petrol, Diesel Prices Today On January 23, 2024: Every day at 6 am, petrol and diesel prices are disclosed, irrespective of whether they are experiencing fluctuations or stability. This routine is influenced by oil marketing companies (OMCs) adapting prices by international crude oil prices and foreign exchange rates. : news18.com
Green ammonia, next-gen fuels to play crucial role in India’s energy strategy: Prof. Ashok Jhunjhunwala
New Delhi : Green ammonia, next-gen fuels to play crucial role in India’s energy strategy: Prof. Ashok Jhunjhunwala. : Economic Times
Indian OMCs record ?11/litre profit on petrol, ?6/litre on diesel amid crude price dip: Icra
New Delhi : Indian OMCs record ?11/litre profit on petrol, ?6/litre on diesel amid crude price dip: Icra. : Economic Times
LNG market watch: Red Sea tensions, economic factors shape global pricing
New Delhi : LNG market watch: Red Sea tensions, economic factors shape global pricing. : Economic Times
ACME and IHI to supply 0.4 MMTPA green ammonia from India, targeting 54 million ton CO2 reduction
New Delhi : ACME and IHI to supply 0.4 MMTPA green ammonia from India, targeting 54 million ton CO2 reduction. : Economic Times
India’s crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC
New Delhi : India produced a total of 2.5 million metric tonnes (MMT) of crude oil in December 2023 – registering a de growth of 1.03 per cent compared to the year-ago period, according to Petroleum Planning & Analysis Cell (PPAC). : Mint
Oil pares gains as traders assess mixed signals on supply after IEA, OPEC revisions; Brent back to $79/bbl
New Delhi : Oil prices fell on Tuesday, January 23, paring some of the previous day’s gains, as traders weighed rising crude supply in Libya and Norway against production outages in the United States and geopolitical tensions. : Mint
Indian economy set to hit $5 trillion by 2024-25; $10 trillion by 2030, says Hardeep Puri
New Delhi : The Indian economy is poised to touch $5 trillion next financial year – 2024-25 – and capitalise to double to $10 trillion by the end of this decade, said Union Petroleum Minister Hardeep Puri. : Mint
